Dispelling Common Misconceptions About Buying a Home in Turkey

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Buying a Home in Turkey

The real estate sector, like any other, is home to its share of urban legends and fabrications. There are common misconceptions about real estate brokers shared by both buyers and sellers in all markets, from the New York City Real Estate market to the Turkish Real Estate market. The market has no bearing on this fact. Hopefully, we can clear up some of the uncertainty that has resulted from it. Let’s clear up some common misunderstandings about real estate agents and the Turkish home-buying process.

The majority of homeowners have misconceptions about selling their homes due to erroneous information they have been given. And I learned this via friends and family, the World Wide Web, coworkers, and questionable real estate agents.

Some homeowners, for example, might attempt to sell their houses without engaging a real estate agent. There are those that deliberately charge more than the market value so they may pocket the difference. Some people get their ideas from watching home improvement shows like “Flip or Flop” and “Million Dollar Listing.”

Do you long to have a home away from home in Turkey? You may want to look into Turkey as a potential new home, retirement destination, or investment destination. This huge country is home to many exciting cities and beautiful beachside resorts where the climate is consistently pleasant year-round. The low cost of living, however, ranks high on the list of positives.

A belief in these urban legends may not be harmful to your health, but it will likely hurt your ability to close a deal. If you want to maximize the likelihood of a quick sale of your house, you should stop believing in such urban legends. Homeowners frequently believe the following myths, which we’ve compiled here for your benefit.

A common misconception is that buying real estates in Turkey is difficult because the legal procedures are time-consuming.

The Turkish government has made measures in recent years that greatly eased access for foreign buyers. As a result, the process of buying a home in Turkey is much quicker and easier than in many other countries. For instance, there is no required waiting period, and the entire acquisition process can be finalized in as little as three days if you submit an application for a change of ownership.

Myth: “Once I die, the Turkish government will be able to seize the property.”

Buying a home in Turkey grants you freehold ownership, often known as absolute ownership. What this means is that the buyer will be the property’s official owner. Your loved ones have a legal right to inherit your estate once you die.

It’s a common misconception that first-time buyers in Turkey can’t put their faith in real estate agents.

The Republic of Turkey is a welcoming destination for foreign investors, and its laws include safeguards for consumers. Numerous real estate consulting firms in this country have earned a solid reputation for their knowledge and professionalism. All real estate agencies must also have a valid license in order to operate legally. At any time, you can verify the agency’s authenticity if you so want.

Myth: “I’m putting off buying a home in Turkey because I don’t have time to fly there to take care of the paperwork or go on vacation.”

When your presence is necessary for official action, you may send a proxy to represent you in your place. To conduct a transparent and trustworthy transaction for the remote acquisition of real estate, please contact our brokerage.

The “Myth” is that Turkey has a very high cost of living.

Turkey’s cost of living is significantly less than that of the majority of European countries. Additionally, data collected by the Turkish Institute of Statistics suggests that by 2020, Turkey will be the least expensive country in which to live on the continent when measured in terms of the effects of purchasing power parity on final consumer expenditure.

Myth: Adapting to Turkish culture will be difficult for me because the large majority of people there are Muslims.

Religious and cultural minorities in Turkey have coexisted harmoniously since the Ottoman Empire’s period. An atmosphere of tolerance has developed over the course of many centuries, making it possible for individuals of different nationalities, religious origins, and cultural norms to live side by side without causing any friction. Turkey’s diverse and varied structure will make you feel right at home, allowing you to adjust quickly to local customs.

False belief: “My kids don’t speak Turkish.” In my opinion, the language barrier will prevent them from making the most of their educational chances in Turkey.

The Turkish Republic is home to a sizable number of world-class universities. You can choose to study in a school where one of the major European languages (such as English, German, French, or Italian) is used as the language of instruction.

Misconception: “My yearly tax responsibilities would skyrocket when I buy a house.”

Taxes in Turkey are significantly lower than those in the vast majority of countries. The property tax, for instance, ranges from 0.2% for homes outside the metro area to 0.4% for those within the metro area.

It’s a “Myth” that investing in Turkish real estate yields little to no return.

One of the most persuasive arguments in favor of buying real estate in Turkey is the potential for a significant return on investment. A growing number of visitors each year choose apartment complexes with first-rate amenities over hotels since they may remain in the same place for an extended period of time without sacrificing quality. In search of year-round warmth, many decide to spend the winter in Alanya.

Reasons to Invest in Turkish Real Estate

Turkey is a highly sought-after tourist and investment destination. A unique location and a history stretching back nearly 10,000 years distinguish this spot. Visitors come from far and wide to see this stunning nation’s culture. You can do this for more than simply vacations; you can even buy property here or even relocate permanently.

There has been significant growth in the Turkish real estate market over the past decade, with a large percentage of that growth attributable to the participation of overseas investors. If you want to discover why it’s a good idea to invest in Turkey’s real estate market, you can put urban legends to rest by looking at the market itself.

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